first time homebuyer: Home Loan Pre-Qualification or Pre-Approval?
- 12/09/14 02:20 AM
Home Loan Pre-Qualification or Pre-Approval? When you make the decision that you want to buy a home, the fun and exciting part is actually looking for homes online and in person. However, before you actually start to look in person or before you fall in love with a certain property you need to at least get pre-qualified and even better get pre-approved. This way you will have a good idea of what you can actually qualify for and you will be looking at properties that fit that price range. For the extra work up front this will save you from … (2 comments)
Do any of the numbers surprise you? The one that surprised me is 78% of down payments came from savings and that single women out buy single men by almost double. Pin for later: http://www.pinterest.com/pin/192528952794978937/
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first time homebuyer: The Potential Cost of Waiting to Buy a Home
- 02/21/14 04:44 AM
What is the Potential Cost of Waiting? For many years we did not have to worry to much about the cost of waiting because housing prices were flat and interest rates were historically low. However, home prices are increasing and interest rates are rising. More than ever you now need to think about how waiting to buy a home can potentially cost you thousands more. Take a look at the difference in the average price and interest rate from Dec 2012 to Dec 2013. The average price increased by $16,800 and the average rate increased by 1.11% with an increased payment … (0 comments)
The cost of renting in many areas is now greater than the cost to buy. Unfortunately, we hear myths on the news that mortgage loans are impossible to obtain unless you have perfect credit and a large down payment.
Truth is, that's not at all the case.
Assets: One of the biggest myths out there is that you have to have 20% down to buy a home. In reality there are many programs and … (5 comments)
Take a look at the Campbell Inside Mortgage Finance Survey. Current homeowners or the move‐up buyer is 43.8 percent of the market. First time home buyers are 36 percent which is still a little low. Now part of the reason that’s low is a lot of the houses they would’ve bought, the investors are buying. But that investor number of 20.2 will continue to fall which it has been over the last couple of months. As that number falls the first time home buyer number’s are going to go up. So home sales should still be very strong even … (0 comments)
I literally fell into this business, 42 feet to be exact. Straight down an elevator shaft 17 years ago. Ever since I have been a Colorado loan officer - My goal is to always make the loan transaction as stress free as possible and to always close on time. For some reason lenders forget that contract dates actually mean something. Go figure...right? Weird, I know! - I Currently sponsor weekly training webinars that feature ways to help your business by presenting cutting edge, innovative technology, strategies and transforming ideas to meet current market conditions. - I believe that success breeds success and that we are at our best when we are helping others to succeed. Basically a Zig Ziglar fan. :)
Home Loan Pre-Qualification or Pre-Approval? 
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